Planning for Growth: Considerations, Ansoff Matrix, Funding Sources
VerifiedAdded on 2023/01/09
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AI Summary
This document discusses the planning for growth of My Bakers bakery, including considerations for evaluating growth opportunities, the use of Ansoff's Growth Vector Matrix, and various sources of funding. It also provides insights into the importance of market size, building relations, managing cash flow, skillsets management, and persistence and passion. Additionally, it explores the four strategies of Ansoff's Growth Vector Matrix - market penetration, market development, product development, and diversification. The document concludes with a discussion on the sources of funding for the organization, such as personal investment, friends and family funds, government grants and subsidies, and bank loans.
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